Medical Adhesive Market
PUBLISHED: 2022 ID: SMRC21936
SHARE
SHARE

Medical Adhesive Market

Medical Adhesive Market Forecasts to 2028 - Global Analysis By Product Type (Biological Adhesives, Chemical Adhesives), Natural Resin Type (Fibrin, Collagen) and By Geography

4.9 (28 reviews)
4.9 (28 reviews)
Published: 2022 ID: SMRC21936

This report covers the impact of COVID-19 on this global market
Loading...

Years Covered

2020-2028

Estimated Year Value (2022)

US $9.77 BN

Projected Year Value (2028)

US $16.38 BN

CAGR (2022 - 2028)

9.0%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Medical Adhesive Market is accounted for $9.77 billion in 2022 and is expected to reach $16.38 billion by 2028 growing at a CAGR of 9.0% during the forecast period. Medical adhesives are the substances that are used in medical industry to seal wounds, affix any medical device such as a tape, dressing or patch to the skin and formulate components of medical devices. These are used in surgical care as substitute to suture and staples. It is also used for enamel and bone reconstruction through dental on orthopedic surgery.

The World Health Organization (WHO) report of 2014 has mentioned that nearly 422 million populations had diabetes across the world. Among these populations, the Mexico region has the highest prevalence of obesity and diabetes. The 2014 data shows that nearly 70% of adults and 33% of children had suffered from obesity. Therefore, the growing incidence of diseases in this region is predicted to boost up the silicone-based adhesives demands and increase the growth of the Market for the research period. According to Indian Brand Equity Foundation (IBEF) in 2017, India healthcare market is forecasted to reach USD 372 billion by 2022.



Market Dynamics:

Driver:

Rise in demand of single use medical products

As single-use healthcare items and single-use disposable products offer benefits over traditional stainless-steel systems they are becoming very popular. The practice of injection-molded plastic for making disposable devices that are attached with bonding, ultrasonic welding, gluing, or radio-frequency welding is bolstering the medical adhesives market growth, owing to the production of the high volume of single-use items, the rising requirements for reducing human touch. In addition, the decreasing impact of cross-contamination, minimal legal worries, lowered validating requirements for cleanliness systems, cost-effective capital investment, better mobility, and scalability, along with high hygiene assurance are the several benefits that may surge the demand for the single-use disposable medicinal products.

Restraint:

Increasing cost of healthcare facilities

The increasing cost of healthcare facilities is limiting the growth of the healthcare industry. Rising income will help consumers spend more on healthcare facilities, but not beyond their threshold limit. The cost needs to be controlled by healthcare facility providers and medical device manufacturers; however, they face problems controlling the cost as the price of raw materials is increasing. The increasing cost of raw materials of adhesives, such as collagen and fibrin, is also inhibiting the growth of the medical device market The high cost of bio-based raw materials for medical adhesive manufacturers has particularly hindered their growth in India, China, Brazil, and other emerging countries, which are cost-sensitive markets.

Opportunity:

Mounting healthcare industry in developing regions

The healthcare industry is growing in developing provinces, such as APAC, the Middle East & Africa, and South America owing to the increasing population, health awareness, and income levels. Medical device manufacturers are now setting up facilities in these provinces that are witnessing higher investments by multinational manufacturers which in turn creates ample opportunity for market growth.

Threat:

Stringent regulations

Stringent regulations for medical grade products are projected to threaten growth of the market. The Food and Drug Administration (FDA) in the U.S., the European Medicines Agency (EMA) in Europe, the China Food and Drug Administration (CFDA) in China, and other government agencies administer requirements that include testing, safety, effectiveness, manufacturing, labeling, promotion and advertising, distribution and post-market surveillance. Even after a company obtains regulatory approval to market a product, the product and the company’s manufacturing processes and quality systems are subject to continual review by the FDA and other regulatory authorities globally.

Impact of Covid-19

The on-going pandemic has not only affected the different sectors of marketing, but also it has affected the Market. During the COVID-19 pandemic period, the global market has lost all investors due to the imposing shutdown and lockdown of the various countries. Along with that, transportation and production also paused for some period of time.

The Internal Medical segment is expected to be the largest during the forecast period

The Internal Medical segment is expected to be the largest during the forecast period. Bioadhesives are generally used for internal medical applications and are mostly used in intracorporal conditions which need direct contact with tissues, organs, and body fluids. These products are mainly used for reducing bleeding complications inside the body. This can be attributed to the increasing application of bio-adhesives for internal medical purposes. Additionally, bio-adhesives are widely used in intracorporal conditions. With the rising incidence of medical conditions requiring cutting the flesh to gain access to the internal organs, the requirement for medical adhesives will escalate in these applications in the coming years.

The Acrylic segment is expected to have the highest CAGR during the forecast period

The Acrylic segment is expected to have the highest CAGR during the forecast period, It is predictable to maintain its dominance over the coming years. The usage of acrylics is evident in vivid applications ranging from dental to the assembly of medical devices and equipment. Furthermore, they are also utilized in internal as well as exterior medical applications such as skin tissue adhesives.

Region with highest share:

North America is projected to hold the largest market share during the forecast period, owing to the continuous inclination toward the acceptance of developing technologies, and the occurrence of established pharmaceutical firms. Moreover, the extensive expenses for medical device innovation and development are further anticipated to propel the growth of the market in the region. Moreover, the high demand, purchasing power, and opportunity for innovation in the healthcare sector, government-funded and -administered programs, such as Medicaid, Medicare, the veteran’s health administration program, and the children’s health insurance program, account for around 60–65% of the total healthcare spending and provision, thus playing a vital role in the market growth in the province.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the large population in the Asia Pacific growing healthcare awareness and a higher rate of wound infections are the major growth factors for this province. A large number of diabetes patients in the region is also likely to act as contributing factor to the expansion of the market. Moreover, numerous government initiatives, the presence of low-, medium-, and high-tech medical product manufacturing facilities in several countries, and rapidly surging healthcare is spending in the region. Furthermore, improved access to healthcare facilities, increasing investments from the government and private sectors, and soaring government initiatives promoting medical insurance are also driving the growth of the healthcare industry, which is, in turn, fueling the progress of the market in the region. There is a high-volume usage of surgical tapes, syringes, medical tubes, needles, and PPE products in India and China. Large-scale consumption of these products is amplifying the demand for the market in APAC.



Key players in the market

Some of the key players profiled in the Medical Adhesive Market include Medtronics, Ethicon (Johnson & Johnson), Baxter International Inc., Henkel AG & Company, Covidien, B. Braun, Bostik Ltd., Cyberbond LLC, 3M Company, Muller Sports Medicine, Medline Industries Inc., Pinnacle Technologies, Chemence, GluStitch, GEM S.R.L., Cohera Medical, Inc., The DOW Chemical Company, Avery Dennison Corporation, H.B. Fuller and Adhezion Biomedical, LLC..

Key Developments:

In April 2019: Baxter announced the reception of the US Food & Drug Administration (FDA) approval for the faster preparation of FLOSEAL hemostatic matrix, a hemostatic product, at the 2019 Association of Perioperative Registered Nurses (AORN) global surgical conference and expo.

In April 2021: 3M announced a new addition to a new class of silicone adhesives, the 2484 3M™ Single, Coated Medical Film Tape with Hi-Tack Silicone Adhesive on Liner, which is secure and gentle to assist support device compliance by end-users. The company revealed that the new addition to the company product portfolio is to meet the growing demand for medical adhesives worldwide.

Product Covered:
• Biological Adhesives
• Chemical Adhesives

Natural Resin Types Covered:
• Fibrin
• Collagen
• Albumin
• Other Natural Resin Types

Synthetic and Semi-synthetic Resin Types Covered:
• Polyurethane
• Epoxy
• Acrylic
• Silicone
• Cyanoacrylate
• Polyethylene Glycol
• Other Synthetic and Semi-synthetic Resin Types

Technologies Covered:
• Solvent-based
• Water-based
• Solids & Hot Melt
• Other Technologies

Applications Covered:
• External Medical
• Medical device and equipment
• Dental
• Internal Medical
• Fixation Tape
• Wound Closure
• Tissue Bonding
• Bandage Tapes
• Ostomy Seals
• Drug Delivery Patches
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Medical Adhesive Market, By Product
5.1 Introduction
5.2 Biological Adhesives
5.3 Chemical Adhesives

6 Global Medical Adhesive Market, By Natural Resin Type
6.1 Introduction
6.2 Fibrin
6.3 Collagen
6.4 Albumin
6.5 Other Natural Resin Types

7 Global Medical Adhesive Market, By Synthetic and Semi-Synthetic Resin Type
7.1 Introduction
7.2 Silicone
7.3 Polyurethane
7.4 Polyethylene Glycol
7.5 Epoxy
7.6 Cyanoacrylate
7.7 Acrylic
7.8 Other Synthetic and Semi-synthetic Resin Types

8 Global Medical Adhesive Market, By Technology
8.1 Introduction
8.2 Solvent-based
8.3 Water-based
8.4 Solids & Hot Melt
8.5 Other Technologies

9 Global Medical Adhesive Market, By Application
9.1 Introduction
9.2 Wound Closure
9.3 Tissue Bonding
9.4 Ostomy Seals
9.5 Medical device and equipment
9.6 Internal Medical
9.7 Fixation Tape
9.8 External Medical
9.9 Drug Delivery Patches
9.10 Dental
9.11 Bandage Tapes
9.12 Other Applications

10 Global Medical Adhesive Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 Medtronics
12.2 Ethicon (Johnson & Johnson)
12.3 Baxter International Inc.
12.4 Henkel AG & Company
12.5 Covidien
12.6 B. Braun
12.7 Bostik Ltd.
12.8 Cyberbond LLC
12.9 3M Company
12.10 Muller Sports Medicine
12.11 Medline Industries Inc.
12.12 Pinnacle Technologies
12.13 Chemence
12.14 GluStitch
12.15 GEM S.R.L.
12.16 Cohera Medical, Inc.
12.17 The DOW Chemical Company
12.18 Avery Dennison Corporation
12.19 H.B. Fuller
12.20 Adhezion Biomedical, LLC

List of Tables
1 Global Medical Adhesive Market Outlook, By Region (2020-2028) (US $MN)
2 Global Medical Adhesive Market Outlook, By Product (2020-2028) (US $MN)
3 Global Medical Adhesive Market Outlook, By Biological Adhesives (2020-2028) (US $MN)
4 Global Medical Adhesive Market Outlook, By Chemical Adhesives (2020-2028) (US $MN)
5 Global Medical Adhesive Market Outlook, By Natural Resin Type (2020-2028) (US $MN)
6 Global Medical Adhesive Market Outlook, By Fibrin (2020-2028) (US $MN)
7 Global Medical Adhesive Market Outlook, By Collagen (2020-2028) (US $MN)
8 Global Medical Adhesive Market Outlook, By Albumin (2020-2028) (US $MN)
9 Global Medical Adhesive Market Outlook, By Other Natural Resin Types (2020-2028) (US $MN)
10 Global Medical Adhesive Market Outlook, By Synthetic and Semi-Synthetic Resin Type (2020-2028) (US $MN)
11 Global Medical Adhesive Market Outlook, By Silicone (2020-2028) (US $MN)
12 Global Medical Adhesive Market Outlook, By Polyurethane (2020-2028) (US $MN)
13 Global Medical Adhesive Market Outlook, By Polyethylene Glycol (2020-2028) (US $MN)
14 Global Medical Adhesive Market Outlook, By Epoxy (2020-2028) (US $MN)
15 Global Medical Adhesive Market Outlook, By Cyanoacrylate (2020-2028) (US $MN)
16 Global Medical Adhesive Market Outlook, By Acrylic (2020-2028) (US $MN)
17 Global Medical Adhesive Market Outlook, By Other Synthetic and Semi-synthetic Resin Types (2020-2028) (US $MN)
18 Global Medical Adhesive Market Outlook, By Technology (2020-2028) (US $MN)
19 Global Medical Adhesive Market Outlook, By Solvent-based (2020-2028) (US $MN)
20 Global Medical Adhesive Market Outlook, By Water-based (2020-2028) (US $MN)
21 Global Medical Adhesive Market Outlook, By Solids & Hot Melt (2020-2028) (US $MN)
22 Global Medical Adhesive Market Outlook, By Other Technologies (2020-2028) (US $MN)
23 Global Medical Adhesive Market Outlook, By Application (2020-2028) (US $MN)
24 Global Medical Adhesive Market Outlook, By Wound Closure (2020-2028) (US $MN)
25 Global Medical Adhesive Market Outlook, By Tissue Bonding (2020-2028) (US $MN)
26 Global Medical Adhesive Market Outlook, By Ostomy Seals (2020-2028) (US $MN)
27 Global Medical Adhesive Market Outlook, By Medical device and equipment (2020-2028) (US $MN)
28 Global Medical Adhesive Market Outlook, By Internal Medical (2020-2028) (US $MN)
29 Global Medical Adhesive Market Outlook, By Fixation Tape (2020-2028) (US $MN)
30 Global Medical Adhesive Market Outlook, By External Medical (2020-2028) (US $MN)
31 Global Medical Adhesive Market Outlook, By Drug Delivery Patches (2020-2028) (US $MN)
32 Global Medical Adhesive Market Outlook, By Dental (2020-2028) (US $MN)
33 Global Medical Adhesive Market Outlook, By Bandage Tapes (2020-2028) (US $MN)
34 Global Medical Adhesive Market Outlook, By Other Applications (2020-2028) (US $MN)

Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials